Could Investing $10,000 in Bloom Energy Make You a Millionaire?
Bloom Energy catapulted higher after announcing an expansion to a strategic partnership. Can this be the beginning of another fantastic run?
Overview
Bloom Energy (NYSE: BE) is an energy company that sells solid oxide fuel-cell systems for on-site power generation. Put differently: Bloom deploys boxes ("energy servers") that let power-hungry customers, like data centers, generate electricity at their own locations rather than waiting years to connect to the grid.
Over the last year, Bloom stock has staged a blistering rally, with a 1,100% gain since last year and an over 250% gain year to date. The breathtaking run has been fueled by explosive revenue growth and a flurry of partnerships that have crystallized Bloom's emerging role as an AI power-enabler.
Details
Bloom's rise to power has been impressive, and has rewarded long-term Bloom investors generously. But does it have enough growth left to mint new millionaires?
Source
Originally published at www.fool.com.